Tepi Coffee Plantation became a fully private company in a 733.2 million Br deal which saw the transfer of the 49pc government share to Green Coffee Agro Industry Plc, which already held a 51pc share.
The company signed an agreement on Friday August 14, 2015 at the Hilton Addis Hotel, with Green paying 266 million Br upfront. The rest will be paid in a five-year period.
In 2011, the two had formed a joint venture, with Green committing to improve the productivity of the plantation from four quintals per hectare to 12ql. It... Read More